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(M3) Trend Needle Points North

BOBL TECHS
  • RES 4: 121.950 High Oct 4 2022 (cont) and a key resistance
  • RES 3: 121.290 High Dec 2 2022 (cont)
  • RES 2: 121.090 High Dec 8 2022 (cont)
  • RES 1: 120.00/120.610 Round number resistance / High Mar 20
  • PRICE: 119.500 @ 05:12 GMT Mar 21
  • SUP 1: 118.600 Low Mar 20
  • SUP 2: 117.820 Low Mar 17
  • SUP 3: 117.175 20-day EMA
  • SUP 4: 116.370 Low Mar 15

Bobl futures traded higher Monday and conditions remain volatile. Price has traded above 120.00. The outlook remains bullish following last week’s gains and a continuation higher would pave the way for a climb towards 121.090, the Dec 8 2022 high on the continuation chart. On the downside, key short-term support to watch lies at the 20-day EMA which intersects at 117.175. A break would alter the picture.

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